The project scope includes license, implementation and maintenance of the NFS™ Credit Application Processing System (CAP) and Contract Management System (CMS) for retail business operations, and the Wholesale Finance System (WFS) and Dealer Access and Auditing System (DAAS) for wholesale floor-planning.

The Chinese market has gained immense traction from foreign auto manufacturers, and Hyundai Motor Group, the world's fifth-largest car maker by sales, aims to provide auto loans for Hyundai and Kia Motors customers in China through the joint venture.

Naeem Ghauri, President and Head of Global Sales of NetSol Technologies Ltd., said, "The market potential in China is vast, and I have no doubt that BHAFC will progress and become a dominant player. We will do our best to support their growth and help them achieve their business objectives. Going live with NFS™ is among the initial steps of our long-term partnership; we look forward to mutual success and wish BHAFC all the best."
NetSol has more than 16 years of Asia Pacific (APAC) finance industry and business domain experience in the region. In China alone, NetSol has achieved successful implementations with the China Banking Regulatory Commission (CBRC) and the Ministry of Commerce (MOFCOM)-licensed companies and banks. NFS™ has become the benchmark solution for China's asset finance and leasing domain, providing clients with a harmonized solution catering to Chinese legal, regulatory and business requirements.